Diploma in Basic Financial Reporting and Tax Revenue - Level 4

Overview

Financial reporting is the process of disclosing financial information to the management, stakeholders and other interested parties of an organisation. Management of financial reporting, together with tax, falls under the finance or accounting department, which has to be properly governed to help the management make effective decisions. Organisations look for skilled and qualified individuals to take over this role, and this Diploma in Financial Reporting – Level 4 Certification has been developed to mold you into one.

This diploma comprises of learning materials that will thoroughly familiarize you with the accounting and financial reporting regulations. You will get to learn about LASB framework, IAS 2 inventories and IAS 38 intangible assets, followed by modules that will examine the IAS19 employee benefits. The statement of financial position, which is used to assess the monthly financial health of a business, will also be duly explained through the modules, making this course a wonderful learning opportunity for aspiring individuals and professionals.

By delving further, you will get to examine various taxes that you will be required to work with such as progressive tax, regressive tax, proportional tax, property tax, Vat, etc. This course will also focus on helping you manage inventories, cash, receivables, payables and investment, followed by an insight into the ethics governing financial reporting and corporate governance.

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 4 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

*1Training is an approved reselling partner for ABC Awards courses under Global Edulink

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

Why Consider 1Training?

As improvements and advancements are made in technology, online courses are no longer just conventional means of studying at affordable costs. In many aspects online training offers superiority to traditional learning. There is an effectiveness and convenience that traditional learning cannot provide. The overall convenience and flexibility makes it a superior learning method.

1Training.org offers the most convenient path to gain an internationally recognized qualification that will give you the opportunity to put into practice your skill and expertise in an enterprise or corporate environment. You can study at your own pace at 1Training.org and you will be provided with all the necessary material, tutorials, qualified course instructor and multiple free resources which include Free CV writing pack, Nus Discounted Card, Free career support and course demo to make your learning experience enriching and more rewarding.

Learning Outcomes

• Familiarize with the accounting and financial reporting regulations
• Learn about LASB framework, IAS 2 inventories and IAS 38 intangible assets
• Understand how to produce accurate financial statements
• Get into terms with the basic principles of the statement of financial position
• Discover the IAS19 employee benefits
• Examine the various tax types such as progressive tax, regressive tax, proportional tax, property tax, Vat, etc
• Learn the ethics governing financial reporting and corporate governance
• Manage inventories, cash, receivables, payables and investments

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The content will be accessible to you 24/7. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.